Kenya’s Capital Markets Authority (CMA) has licensed Safaricom Plc and Airtel Cash Kenya Restricted as Middleman Service Platform Suppliers (ISPPs), whereas Capital.com’s native unit, CC Kenya Securities Ltd, obtained approval as a Dealing On-line Overseas Trade Dealer, marking a push to digitize the nation’s buying and selling ecosystem.
The approvals place Kenya’s cellular cash giants to increase their attain into regulated capital markets, probably giving thousands and thousands of cellular subscribers simpler entry to on-line investments. As ISPPs, Safaricom and Airtel Cash will facilitate account onboarding, buying and selling, and market entry for retail traders.
Capital.com, in the meantime, is permitted to function as a principal and market maker in on-line foreign exchange, offering buying and selling platforms, market info, account administration, and day by day reporting consistent with the Capital Markets (On-line Overseas Trade Buying and selling) Rules, 2017.
CMA has now licensed 13 non-dealing on-line foreign exchange brokers, two dealing brokers, and three cash managers, reflecting rising institutional curiosity in Kenya’s regulated on-line foreign exchange market. The regulator says the transfer is a part of a broader technique to modernize and digitize the monetary sector, enhance transparency, and strengthen investor safety.
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